A non-negotiable evidence of debt
Categories: Property
Definition (1910 Edition)
or debenture, issued by authority of a court of chancery, as a first liea upon the property of a debtor coree in the hands of a receiver. Beach, E —Receivers of wreck. Persons appointed by the English board of trade. The uties of a receiver of wreck are to take steps for the preservation of any vessel stranded or in distress within his district; to receive and take possession of all articles washed on shore from the vessel; to use force for the suppression of plunder and disorder; to institute an examination on oath with respect to the vessel; and, if necessary, to sell the vessel, cargo, or wreck. Sweet.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
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